Nationwide share issue oversubscribed

The Guardian reports this morning (28 November) that the Nationwide £500m share issue has been oversubscribed - raising the full £500m in just four days. This raises hopes that a mutual buy-back of Co-op Bank is feasible. The issue "enables the lender to raise money from external investors without compromising its mutual status". The issue was for "core capital deferred shares" (CCDS).